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Asbestos tide turning – S&P
The worst of the asbestos related difficulties faced by (re)insurers may now be in the past, according to a report by ratings agency Standard & Poor's (S&P).
26 February 2007
IBM steps into London market
Giant US IT provider IBM is to make its entry into the London market this year with the release of a system that will facilitate electronic risk placement.
26 February 2007
Amlin opens up electronic trading options
Lloyd's insurer Amlin plc has become the first carrier in the London market to offer brokers the option of placing electronically through peer-to-peer systems or an electronic hub.
26 February 2007
Risk is an opportunity – Case
It is imperative that the insurance industry not only understands risk, but thinks of it as an opportunity, according to Aon president and CEO Greg Case.
26 February 2007
XL in $1bn share buy-back programme
Bermudian (re)insurer XL Capital has announced a new share repurchase programme authorising it to buy-back up to $1bn of its Class A ordinary shares from investors.
26 February 2007
Scottish Re ‘disappointed’ with $233.8mn loss
Struggling Bermudian life reinsurer Scottish Re Group said it was "disappointed" with its fourth quarter after unveiling a $233.8mn net loss.
26 February 2007
Gold standard year for Platinum
2006 was a gold standard year for Bermudian reinsurer Platinum Underwriters Holdings as it joined its rivals in rebounding from the heavy losses of the previous year.
26 February 2007
Private equity swoops for Hub International in $1.8bn deal
The acquisition of Hub International for $1.7bn ($1.8bn including debt) is further proof of investors' growing interest in the broking sector – and the rising multiples being charged by sellers.
26 February 2007
Hub International sold in $1.8bn private equity deal
Mid-tier North American broker Hub International Ltd has been acquired by funds advised by Apax Partners and Morgan Stanley Principal Investments in a $1.8bn deal which is further proof of private equity’s interest in the insurance broking sector.
26 February 2007
ACE bolsters aviation corps
Bermudian ACE's London market operation has poached Kiln underwriters Mark Adams and Richard Bayman to bolster ranks in its aviation division.
26 February 2007
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